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Real Estate Prices & Overview

Michael Way South median real estate price is $423,295, which is more expensive than 42.2% of the neighborhoods in Nevada and 57.9% of the neighborhoods in the U.S.

The average rental price in Michael Way South is currently $2,366, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 45.0% of Nevada neighborhoods.

Michael Way South is a densely urban neighborhood (based on population density) located in Las Vegas, Nevada.

Michael Way South real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Michael Way South neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

In Michael Way South, the current vacancy rate is 1.8%, which is a lower rate of vacancies than 87.9% of all neighborhoods in the U.S. This means that the housing supply in Michael Way South is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Michael Way South stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 98.1% of the residential real estate here was built in this one time period.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Michael Way South neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 97.3% of all American neighborhoods.

Diversity

Did you know that the Michael Way South neighborhood has more Armenian and Swiss ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.2% of this neighborhood's residents have Armenian ancestry and 2.0% have Swiss ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Michael Way South neighborhood in Las Vegas are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 46.7% of the neighborhoods in America. With 16.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 62.5% of U.S. neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Michael Way South neighborhood, 41.4% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 25.7% of the residents employed. Other residents here are employed in executive, management, and professional occupations (19.1%), and 13.9% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Michael Way South neighborhood is Spanish, spoken by 49.7% of households. Some people also speak English (45.6%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Michael Way South neighborhood in Las Vegas, NV, residents most commonly identify their ethnicity or ancestry as Mexican (44.9%). There are also a number of people of Italian ancestry (5.4%), and residents who report German roots (3.3%), and some of the residents are also of French ancestry (3.1%), along with some Puerto Rican ancestry residents (2.2%), among others. In addition, 30.8% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Michael Way South neighborhood spend between 15 and 30 minutes commuting one-way to work (53.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (81.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (10.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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